2025-05-09T03:53:40-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 53 STATE STREET SUITE 1600 BOSTON MA 02109 990 2023-07-01 841217703 THE AMERICAN UNIVERSITY OF GREECE FOUNDATION AMER 8572847908 101 ARCH ST 8TH FLOOR BOSTON MA 02110 KELLY A MORRA CFO, SVP FINANCE & U.S. OPS. 8572847908 2025-05-09 1 1 ERIN COUTURE P01390592 6177237900 2023 2025-03-06 01:10:19Z DR DAVID G HORNER 101 ARCH ST 8TH FLOOR BOSTON MA 02110 96661847 0 X N/A X 1991 CO ACTS AS A SUPPORTING ORGANIZATION WITH FINANCIAL ASSISTANCE (CONTINUED ON SCHEDULE O) FOR THE SOLE BENEFIT OF THE AMERICAN COLLEGE OF GREECE WHICH CONSISTS OF AN ELEMENTARY SCHOOL, HIGH SCHOOL, COLLEGE, AND GRADUATE SCHOOL IN ATHENS, GREECE. 18 18 12 22 139735 49702 0 0 0 0 4545700 26915415 0 0 4545700 26915415 0 0 0 0 1895517 1897111 0 0 0 1828363 2053729 3723880 3950840 821820 22964575 259229595 267387143 973936 1242743 258255659 266144400 TO SUPPORT THE AMERICAN COLLEGE OF GREECE WHICH CONDUCTS AND MAINTAINS SCHOOLS AND INSTITUTIONS OF LEARNING IN GREECE. 0 0 3105290 0 0 THE AMERICAN UNIVERSITY OF GREECE FOUNDATION (AUGF) HAS PROVIDED FINANCIAL SUPPORT FOR THE AMERICAN COLLEGE OF GREECE (ACG) BY PAYING PROGRAM EXPENSES OF $3,105,290 PLUS MANAGEMENT AND GENERAL EXPENSES OF $845,550 ON ITS BEHALF. THIS ASSISTED THE AMERICAN COLLEGE OF GREECE IN BEING ABLE TO FURTHER ITS OWN TAX-EXEMPT PURPOSES BY UTILIZING ITS OWN FUNDS FOR EDUCATION. 3105290 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 19 0 1 12 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X KELLY MORRA 8572847908 101 ARCH ST 8TH FLOOR BOSTON MA 02110 DR DANIEL SMITH CHAIR 1.00 3.00 X X 0 0 0 JOHN CHACHAS VICE CHAIR 1.00 3.00 X X 0 0 0 NIKOS KOUMETTIS VICE CHAIR 1.00 4.00 X X 0 0 0 ANGELO MANIOUDAKIS VICE CHAIR 1.00 3.00 X X 0 0 0 DEBORAH WINCE-SMITH VICE CHAIR 1.00 3.00 X X 0 0 0 ALEX ALDOUS SECRETARY 1.00 3.00 X X 0 0 0 DR BILL ANTHOLIS TRUSTEE (THRU 03/2024) 1.00 3.00 X 0 0 0 MICHAEL BAPIS TRUSTEE 1.00 3.00 X 0 0 0 SPIROS BOUAS TRUSTEE (THRU 01/2024) 1.00 3.00 X 0 0 0 GEORGE CASEY TRUSTEE 1.00 3.00 X 0 0 0 ANTONY CONTOMICHALOS TRUSTEE 1.00 3.00 X 0 0 0 ALMA DE METROPOLIS TRUSTEE 1.00 3.00 X 0 0 0 DR SUSAN FUHRMAN TRUSTEE 1.00 3.00 X 0 0 0 DR MATT GLENDINNING TRUSTEE 1.00 3.00 X 0 0 0 DR DENA HARITOS TSAMITIS TRUSTEE 1.00 3.00 X 0 0 0 DR MARTHA J KANTER TRUSTEE 1.00 3.00 X 0 0 0 HARIKLIA KARIS TRUSTEE 1.00 3.00 X 0 0 0 PARIS KARASSO TRUSTEE 1.00 3.00 X 0 0 0 DR HELENA MITCHELL TRUSTEE 1.00 3.00 X 0 0 0 LISA O'DONNELL TRUSTEE (THRU 03/2024) 1.00 3.00 X 0 0 0 MILTON SIPP TRUSTEE (THRU 11/2023) 1.00 3.00 X 0 0 0 LENA TRIANTOGIANNIS TRUSTEE 1.00 4.00 X 0 0 0 DR DAVID G HORNER PRESIDENT 10.00 41.00 X 285096 259999 92465 KELLY A MORRA CFO, SVP FINANCE & U.S. OPERATIONS 10.00 30.00 X 244024 0 59715 ALISON TOWNLEY VICE PRESIDENT OF ADVANCEMENT 10.00 30.00 X 209069 0 63306 MARA NISDEO DEAN, NA ENROLLMENT & STUDY ABROAD 10.00 30.00 X 106347 0 10509 LOREN SAMONS II CHIEF ACADEMIC ADVISOR 15.00 5.00 X 101107 0 26167 ELIZABETH CAMELO SR. EXEC. ASSIST & ASSIST. SECRETARY 10.00 30.00 X 103164 0 10350 SUSAN ROTHSTEIN SENIOR DIRECTOR - FINANCE U.S. 10.00 30.00 X 110478 0 22506 1159285 259999 285018 7 0 1 0 CAMBRIDGE ASSOCIATES LLC 125 HIGH STREET BOSTON MA 02110 INVESTMENT MANAGEMENT FEE 556768 GRANT THORNTON LLP 53 STATE STREET SUITE 1600 BOSTON MA 02109 ACCOUNTING 159621 2 945544 139735 805809 95716303 69746432 25969871 25969871 25969871 26915415 0 139735 26775680 692987 692987 912331 912331 75515 75515 107111 107111 109167 109167 531833 531833 13692 13692 173325 173325 831858 831858 68659 68659 32504 32504 50805 50805 16345 16345 20684 20684 260487 260487 46623 46623 6914 6914 3950840 3105290 845550 0 1721294 1995544 433915 16096169 2287927 3166732 3916 1577536 5930687 251749406 237953634 1455601 2244377 259229595 267387143 804471 1048547 169465 194196 973936 1242743 X 258255659 266144400 258255659 266144400 259229595 267387143 X 22964575 -6675834 -8400000 X 0 1 X 1 0 X X X 1 THE AMERICAN COLLEGE OF GREECE 042306054 2 1 3950840 0 1 3950840 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 EQUITY AND HEDGE FUNDS 237953634 F 237953634 INTERCOMPANY PAYABLE - ACG GREECE 100954 457B LIABILITY 93242 194196 X PART X, LINE 2: ASC 740 FOOTNOTE THE AMERICAN UNIVERSITY OF GREECE FOUNDATION IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF THE AMERICAN COLLEGE OF GREECE. THE AMERICAN COLLEGE OF GREECE AND THE AMERICAN UNIVERSITY OF GREECE FOUNDATION ARE COLORADO NOT-FOR-PROFIT CORPORATIONS, AND THE AMERICAN UNIVERSITY OF GREECE, INC. IS A MASSACHUSETTS NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED (THE "CODE"), AND ARE GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE AMERICAN COLLEGE OF GREECE RESEARCH CENTER IS A GREEK NOT-FOR-PROFIT ASSOCIATION AS DESCRIBED IN SECTION 501(C)(3) OF THE CODE, AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE COLLEGE IS REQUIRED TO ASSESS UNCERTAIN INCOME TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 189729152 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 10520531 EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 PROGRAM SERVICES EMPLOYMENT 286005 0 1 0 0 0 1 200535688 0 200535688 1 0 1 1 1 0 PART I, LINE 3: THE ACCOUNTING METHOD FOR THE AMOUNTS REPORTED ON PART I, LINE 3, COLUMN F ARE REPORTED PER THE ORGANIZATION'S GENERAL LEDGER REPORTING. X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 DR DAVID G HORNER PRESIDENT 162833 259999 50000 0 72263 0 64125 15444 3735 9161 352956 284604 0 0 KELLY A MORRA CFO, SVP FINANCE & U.S. OPERATIONS 243860 0 0 0 164 0 37635 0 22080 0 303739 0 0 0 ALISON TOWNLEY VICE PRESIDENT OF ADVANCEMENT 208905 0 0 0 164 0 32922 0 30384 0 272375 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE: THE PRESIDENT IS PROVIDED HOUSING IN CONNECTION WITH THE GREECE CAMPUS. THE VALUE ASSOCIATED WITH SUCH HOUSING IS INCLUDED IN COLUMN (D). SOCIAL DUES: THE AMERICAN UNIVERSITY OF GREECE FOUNDATION PROVIDES THE PRESIDENT WITH A MEMBERSHIP TO THE HARVARD CLUB. THE RELATED ORGANIZATION, THE AMERICAN COLLEGE OF GREECE, PAYS MEMBERSHIP DUES TO THE PROPELLOR CLUB IN GREECE. THE MEMBERSHIPS ARE CONSIDERED TAXABLE COMPENSATION TO THE PRESIDENT AND ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). PERSONAL SERVICES: THE AMERICAN UNIVERSITY OF GREECE FOUNDATION PROVIDES THE PRESIDENT WITH FINANCIAL PLANNING-RELATED SERVICES. THE SERVICES ARE CONSIDERED TAXABLE COMPENSATION TO THE PRESIDENT AND ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINE 3 COMPENSATION OF THE PRESIDENT THE EXECUTIVE COMMITTEE OF THE BOARD UNDERTAKES AN ANNUAL REVIEW OF THE PRESIDENT'S PERFORMANCE. ONCE REVIEWED BY THE EXECUTIVE COMMITTEE, AND IN THE ABSENCE OF THE PRESIDENT, THE COMMITTEE MAKES RECOMMENDATIONS FOR ACTION TO THE FULL BOARD. ADDITIONALLY, THE PRESIDENT REPORTS TO THE FULL BOARD IN A FORMAL WRITTEN PRESIDENT'S REPORT THREE TIMES EACH YEAR WITH AN UPDATE ON ALL STRATEGIC INITIATIVES AND ACADEMIC, FINANCIAL AND OTHER MATTERS OF IMPORTANCE. IN CERTAIN YEARS IN WHICH THERE ARE CHANGES TO THE PRESIDENT'S COMPENSATION OR A NEW EMPLOYMENT CONTRACT IS SIGNED, THE EXECUTIVE COMMITTEE'S REVIEW IS SUPPORTED BY A COMPENSATION REVIEW PERFORMED BY AN INDEPENDENT FIRM SPECIALIZING IN THE FIELD OF COMPENSATION, AS WELL AS COMPARABLE COMPENSATION AT OTHER COLLEGES IN THE U.S. AND ABROAD. THE REVIEW OF THE EXECUTIVE COMMITTEE IS DOCUMENTED IN THE BOARD MINUTES. COMPENSATION IS VOTED ON AND APPROVED BY THE BOARD. THE PRESIDENT IS RESPONSIBLE FOR THE REVIEW OF COMPENSATION FOR THE CFO, THE CHIEF ACADEMIC ADVISOR, AND ALL OF HIS DIRECT REPORTS. THE REVIEW IS BASED ON PERFORMANCE AND A COMPARATIVE ANALYSIS OF COMPENSATION PAID AT OTHER COLLEGES IN THE U.S. AND ABROAD. PART I, LINE 7 THE PRESIDENT, DR. DAVID G. HORNER, RECEIVED A BONUS IN CALENDAR YEAR 2023. THIS AMOUNT IS REPORTED ON SCHEDULE J, PART II, COLUMN B(II). FORM 990, PART VI, SECTION A, LINE 7A POWER TO ELECT OR APPOINT MEMBERS THE BOARD OF DIRECTORS OF THE FOUNDATION IS APPOINTED BY THE AMERICAN COLLEGE OF GREECE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED BY THE COLLEGE'S INDEPENDENT TAX ADVISORS WITH INFORMATION PROVIDED BY MANAGEMENT. INITIAL REVIEW OF THE COMPLETED FORM IS PERFORMED BY THE CFO AND AUDIT COMMITTEE. AFTER COMPLETE REVIEW BY THE AUDIT COMMITTEE AND PRIOR TO FILING THE FORM, A COPY OF THE FORM AS IT IS ULTIMATELY FILED IS PROVIDED TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY PERSONS COVERED UNDER THE POLICY: POLICY APPLIES TO THE BOARD OF TRUSTEES, THE PRESIDENT, CFO, THE CHIEF ACADEMIC ADVISOR, AND ALL MEMBERS OF THE PRESIDENT'S CABINET, INCLUDING THE EMPLOYEES LISTED ON THE FORM 990. PRACTICES FOR MONITORING PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICT OF INTEREST: EACH INDIVIDUAL COVERED UNDER THIS POLICY SIGNS AN ANNUAL STATEMENT THAT THEY ADHERE TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND THAT THEY DISCLOSE ANY POTENTIAL CONFLICTS. LEVEL AT WHICH CONFLICTS ARE REVIEWED: THE ANNUAL STATEMENTS ARE REVIEWED BY THE ORGANIZATION'S CFO AND DISCUSSED WITH THE AUDIT COMMITTEE WHEN A CONFLICT ARISES. THE PRESIDENT'S OFFICE MONITORS ALL CONTRACTS AND ACTIONS OF ALL EMPLOYEES ON A REGULAR BASIS. LEVEL AT WHICH DETERMINATION AS TO WHETHER A CONFLICT EXISTS ARE MADE: THE AUDIT COMMITTEE MAKES THE FINAL DETERMINATION OF WHETHER A CONFLICT EXISTS. RESTRICTIONS IMPOSED ON PERSONS WITH A CONFLICT: INTERESTED PERSONS ARE RECUSED FROM DISCUSSIONS AND VOTING ON ANY TOPIC THAT MAY CONSTITUTE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION REVIEW PROCESS THE EXECUTIVE COMMITTEE OF THE BOARD UNDERTAKES AN ANNUAL REVIEW OF THE PRESIDENT'S PERFORMANCE. ONCE REVIEWED BY THE EXECUTIVE COMMITTEE, AND IN THE ABSENCE OF THE PRESIDENT, THE COMMITTEE MAKES RECOMMENDATIONS FOR ACTION TO THE FULL BOARD. ADDITIONALLY, THE PRESIDENT REPORTS TO THE FULL BOARD IN A FORMAL WRITTEN PRESIDENT'S REPORT THREE TIMES EACH YEAR WITH AN UPDATE ON ALL STRATEGIC INITIATIVES AND ACADEMIC, FINANCIAL AND OTHER MATTERS OF IMPORTANCE. IN CERTAIN YEARS IN WHICH THERE ARE CHANGES TO THE PRESIDENT'S COMPENSATION OR A NEW EMPLOYMENT CONTRACT IS SIGNED, THE EXECUTIVE COMMITTEE'S REVIEW IS SUPPORTED BY A COMPENSATION REVIEW PERFORMED BY AN INDEPENDENT FIRM SPECIALIZING IN THE FIELD OF COMPENSATION, AS WELL AS COMPARABLE COMPENSATION AT OTHER COLLEGES IN THE U.S. AND ABROAD. THE REVIEW OF THE EXECUTIVE COMMITTEE IS DOCUMENTED IN THE BOARD MINUTES. COMPENSATION IS VOTED ON AND APPROVED BY THE BOARD. THE PRESIDENT IS RESPONSIBLE FOR THE REVIEW OF COMPENSATION FOR THE CFO, THE CHIEF ACADEMIC ADVISOR, AND ALL OF HIS DIRECT REPORTS. THE REVIEW IS BASED ON PERFORMANCE AND A COMPARATIVE ANALYSIS OF COMPENSATION PAID AT OTHER COLLEGES IN THE U.S. AND ABROAD. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE TO PUBLIC THE GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE AMERICAN UNIVERSITY OF GREECE FOUNDATION OFFICE. FORM 990, PART XI, LINE 9: INTERCOMPANY TRANSFER -8,400,000. THE AMERICAN COLLEGE OF GREECE 6 GRAVIAS STREET 153 42 ATHENS AGHIA PARASKEVI GR 042306054 COLLEGE CO 501(C)(3) LINE 2 AUG 1 THE AMERICAN COLLEGE OF GREECE RESEARCH CENTER 6 GRAVIAS STREET 153 42 ATHENS AGHIA PARASKEVI GR 980611322 COLLEGE GR 501(C)(3) LINE 10 ACG 1 THE AMERICAN COLLEGE OF GREECE - GREECE 6 GRAVIAS STREET 153 42 ATHENS AGHIA PARASKEVI GR COLLEGE GR DORMANT NFP ACG 1 THE AMERICAN UNIVERSITY OF GREECE INC 101 ARCH STREET 8TH FLOOR BOSTON MA 02110 884357757 SUPPORT MA 501(C)(3) LINE 12B, II N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0